ING Groep NV Invests $1.84 Million in Roku, Inc. (NASDAQ:ROKU)

ING Groep NV purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,100 shares of the company's stock, valued at approximately $1,842,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ROKU. Harbour Investments Inc. grew its holdings in Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company's stock valued at $247,000 after purchasing an additional 113 shares during the period. Avantax Advisory Services Inc. grew its holdings in Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company's stock valued at $1,187,000 after purchasing an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company's stock valued at $4,415,000 after purchasing an additional 150 shares during the period. Spire Wealth Management grew its holdings in Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the period. Finally, Arizona State Retirement System grew its holdings in Roku by 0.5% in the third quarter. Arizona State Retirement System now owns 33,655 shares of the company's stock valued at $2,376,000 after purchasing an additional 173 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Up 0.9 %

ROKU stock traded up $0.55 during trading on Wednesday, hitting $58.52. 1,832,536 shares of the company's stock traded hands, compared to its average volume of 5,460,272. Roku, Inc. has a 52 week low of $53.94 and a 52 week high of $108.84. The stock has a fifty day moving average price of $61.14 and a two-hundred day moving average price of $77.95. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of -14.67 and a beta of 1.69.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The company's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.38) earnings per share. As a group, equities research analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Collier sold 12,277 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now owns 4,292 shares of the company's stock, valued at $279,237.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roku news, insider Charles Collier sold 12,277 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now directly owns 4,292 shares of the company's stock, valued at approximately $279,237.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey M. Blackburn purchased 8,000 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, with a total value of $511,680.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders sold 29,751 shares of company stock valued at $1,909,835 over the last 90 days. 13.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ROKU shares. Wells Fargo & Company boosted their target price on shares of Roku from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Friday, April 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Roku in a research report on Friday, May 17th. Piper Sandler reaffirmed a "neutral" rating and set a $65.00 price target (down from $81.00) on shares of Roku in a research report on Friday, April 26th. Citigroup reduced their price target on shares of Roku from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 30th. Finally, Oppenheimer cut shares of Roku from an "outperform" rating to a "market perform" rating in a research report on Friday, February 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Roku currently has a consensus rating of "Hold" and an average target price of $82.50.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.